Global Village Backpackers, the largest hostel in downtown Toronto, announced its closure on the weekend, marking an end to its 17-year stay on the northwest corner of King Street West and Spadina Avenue.

With the closure comes uncertainty over the historic Toronto building. It has been a hotel for nearly 140 years, beginning in 1875 as the Richardson House. It opened as the Zeigler Hotel sometime in 1914, and then changed its name to Hotel Spadina and then the Spadina Hotel, which it would be until Global Village moved in in 1997.

Hotel Falconer

The hotel was briefly called Hotel Falconer between 1906 and 1914, before it was bought by Charles Zeigler and renamed Zeigler's Hotel. (Toronto Archives)

The Spadina Hotel became a famous music venue, hosting the Rolling Stones and Leonard Cohen, and later the Tragically Hip and the Skydiggers, and more recently becoming a hub for Toronto's punk scene.

Historic photo

The Hotel Spadina in 1948. (Toronto Archives)

Global Village Backpackers had a bar inside the hostel, but it too will close.

The hostel gave no immediate reason for closing, only citing "extreme unforeseen circumstances" it would be closing for good today, Jan. 20.

"Thank you to everyone who has made this place the icon it is today. We love you all, and as individuals we wish it wasn't ending so soon!" posted the hostel on Facebook. "Come and see us this weekend for a last goodbye!"